Ethereum’s All-Time High (ATH)

Most recent ATH: ETH surged to a new all-time high of approximately $4,885 following Fed Chair Jerome Powell’s dovish remarks at Jackson Hole, breaking its previous 2021 record .

Historical ATH reference: Earlier sources list the previous high near $4,891.70 (November 2021) .

Consensus range: Most current data puts the new ATH between $4,878 and $4,885 .

---

What Drives ETH’s Next Move?

1. Macroeconomic Tailwinds

Powell’s dovish tone boosted expectations of a September rate cut, igniting ETH’s bullish breakout . If this continues, further upside is possible, with forecasts pointing toward $5,000–$6,000 .

2. Institutional Momentum

Entities like BlackRock and Goldman Sachs ramping up crypto offerings, combined with spot Ether ETF inflows, have amplified institutional demand .

Notably, a major Bitcoin whale rotated vast BTC holdings into ETH—over 62,000 ETH spot purchases and long positions totaling 135,000 ETH—signaling conviction from savvy actors .

3. On-Chain Supply Dynamics

Large-scale withdrawals of ETH from exchanges indicate reduced selling pressure and bullish accumulation .

4. Technical Indicators & Sentiment

Some technical analyses warn of bearish formations like a “bearish flag,” with failure to hold above key moving averages .

However, subdued futures funding rates and strong demand still paint a bullish picture, with potential for another rally toward past highs .

Market pullbacks to key support zones—around $4,200–$4,400—could set the stage for continuation upward .

---

Summary Outlook

Horizon Scenario

Short Term A short pullback toward $4,200–$4,400 could occur, offering a buying opportunity.
Medium Term If momentum and macro tailwinds persist, ETH may retest and surpass $5,000, with targets near $6,000 being plausible.
Risks Bearish technical formations or macro shocks could stall gains or push ETH back to support zones. #Token of Love: Cheer on Square & Win Tickets# #FOMC July Minutes#